From Nasdaq: 2025-05-13 14:37:00

Stock indexes showed mixed results today, with the S&P 500 and Nasdaq 100 up, while the Dow Jones Industrial Average was down. The easing of US-China trade tensions is boosting markets, with semiconductor stocks leading the rally. US Apr CPI rose +2.3% y/y, lower than expected, easing recession fears. JPMorgan Chase raised US 2025 GDP forecast.

The upcoming focus is on tariff news and trade deals. Retail sales and PPI data expected on Thursday, while manufacturing production is expected to fall. The chance of a rate cut after the June FOMC meeting is at 8%. Q1 earnings season is ending positively, with earnings growth exceeding expectations. Overseas markets are higher, with Euro Stoxx 50, Shanghai Composite, and Nikkei Stock 225 up. Interest rates and bond yields are fluctuating.

Chip stocks like Nvidia and Broadcom are up, as trade tensions ease. Coinbase Global surged after joining the S&P 500. Super Micro Computer, Palantir Technologies, and ON Holding are up. UnitedHealth Group and other health insurance stocks are down due to CEO resignation and outlook suspension. Food and beverage stocks like Mondelez and Hershey are also in the red. Rapid7 Inc and Simon Property Group are down on analyst downgrades and forecasts.

Earnings reports for 5/13 include companies like Everus Construction Group Inc and Under Armour Inc. The author did not have positions in mentioned securities. All information is for informational purposes only. The author’s views do not necessarily reflect those of Nasdaq, Inc.



Read more at Nasdaq: Dovish CPI Report and Strength in Chip Makers Boosts Stocks